Analysis Regarding the Most Profitable Customer Is an Example of Diagnostic

question 34

True/False

Analysis regarding the most profitable customer is an example of diagnostic analytics.

---

Definitions:

Dependent Variables

Variables in an experiment or study whose changes depend on the effects of other variables (independent variables).

Exponential Smoothing

A weighted moving average forecasting technique in which data points are weighted by an exponential function.

Simple Moving Average

A statistical method used to analyze data points by creating a series of averages of different subsets of the full data set.

Responsiveness

The ability of a company or system to quickly react to changes in demand, customer preferences, or market conditions, often critical for maintaining high levels of customer satisfaction.